2013 - 2014 LEGISLATURE
January 31, 2014 - Offered by Representative Weininger.
AB678-AA1,1,11 At the locations indicated, amend the bill as follows:
AB678-AA1,1,2 21. Page 7, line 24: delete "(c) and (d) (intro.)" and substitute "(c) and (d)".
AB678-AA1,1,3 32. Page 7, line 24: delete "and (d) (intro.), as" and substitute ", as".
AB678-AA1,1,4 43. Page 7, line 25: delete "are" and substitute "is".
AB678-AA1,1,5 54. Page 8, line 4: delete lines 4 to 6.
AB678-AA1,1,6 65. Page 8, line 18: delete lines 18 to 25.
AB678-AA1,1,7 76. Page 9, line 9: delete that line.
AB678-AA1,1,8 87. Page 12, line 1: after "(b)" insert "1.".
AB678-AA1,1,10 98. Page 12, line 2: delete "A principal" and substitute "Except as provided in
10subd. 2., a principal".
AB678-AA1,1,11 119. Page 12, line 3: after that line insert:
1"2. A principal office of a mortgage banker or mortgage broker located in a
2residence on the effective date of this subdivision .... [LRB inserts date], may
3continue to be located in that residence after this date but may not thereafter be
4relocated to any residence with a different address.".
AB678-AA1,2,7 510. Page 12, line 20: delete the material beginning with "fee" and ending with
6"division" on line 21 and substitute "same fee as that established by rule under s.
7224.72 (8) for mortgage bankers".
AB678-AA1,2,9 811. Page 13, line 4: delete "obtain and maintain a license for" and substitute
9"register with the division".
AB678-AA1,2,13 1012. Page 13, line 6: after "originator." insert "Applications for branch office
11registration shall be made on forms and in the manner prescribed by the division and
12shall be accompanied by the same fee as that established by rule for branch offices
13of mortgage bankers.".
AB678-AA1,2,15 1413. Page 13, line 7: on lines 7 and 9, after "status" insert ", and the registration
15of all of its registered branch offices,".
AB678-AA1,2,18 1614. Page 13, line 11: delete "and all required renewal fees" and substitute "for
17the registered entity and for each branch office, along with the applicable fee under
18sub. (1) or (3)".
AB678-AA1,2,21 1915. Page 13, line 16: after "expire." insert "If a registered entity fails to satisfy
20any requirement under sub. (6) for renewing its registration of a branch office, the
21registration for that branch office shall expire.".
116. Page 19, line 16: after "residence" insert "unless the residence is
2authorized as a principal office under s. 224.72 (2m) (b) 2.